Digital Pathology Market Value and Growth Forecast Report in North America 2018


Posted August 9, 2018 by sathyanarayana

Digital Pathology Market was worth USD 415.54 Million in 2018 and estimated to be growing at a CAGR of 11.54%, to reach USD 717.41 Million by 2023

 
Digital Pathology Market was worth USD 415.54 Million in 2018 and estimated to be growing at a CAGR of 11.54%, to reach USD 717.41 Million by 2023.

Digital pathology is using computer technology to transform analog microscopic photos into virtual photos. It is also called virtual imaging, digital slides, or digital microscopy. In other phrases, it's miles the exercise of changing glass slides into virtual slides that may be regarded, managed, and analyzed on a laptop display screen. With the creation mod complete slide imaging, this technology has seemed as the most promising technique of diagnostic medicinal drug, which is expected to want the growth within the digital pathology market in the close to future.

Digital pathology is an energetic, photo-based totally placing, which enables the procurement, management, and interpretation of pathological facts generated from a digitized glass slide and different gadgets. Applications of digital pathology encompass Intraoperative analysis, scientific pupil & resident education, number one prognosis, guide & semi quantitative evaluation of Immunohistochemistry (IHC), diagnostic session, scientific research, and other diagnostic decision aid.

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Drivers and Restraints:

The growth of the digital pathology market is pushed by using the advent of human pathology practice globally and tremendous software of digital pathology within the fields of education, tissue-primarily based studies, and drug development. Further, the benefit of the transfer of test consequences and the performance of digital pathology solutions are predicted to enhance the market increase. But, loss of reimbursement regulations and an excessive fee of digital pathology solutions obstruct the growth of the marketplace. On the contrary, growth in the use of telepathology, specifically in the developing economies, is predicted to provide rewarding possibilities for the market expansion.

However, loss of repayment policies, inadequate infrastructure, and high value of digital pathology devices are impeding the growth of the market.

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Geographic Segmentation

However, based totally on geography it is segmented and analyzed underneath the areas of North America, Europe, Asia-Pacific, Latin America and middle-East and Africa. While North America money owed for the biggest share of the global digital pathology market carefully followed by way of Europe the development is focused around the region of Asia-Pacific.

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Market Major Competitors:

The leading players of the market include Perkin Elmer, Inc., Definiens AG, Sectra AB, Koninklijke Philips N.V, GE Healthcare, Inspirata Co., Ventana Medical Systems, Inc., and Leica Biosystems, 3D-Histech Ltd, Hamamatsu Photonics, K.K., Digipath Co., ZEISS, Olympus Corporation, Yokogawa Electronic Corporation and Quorum Technologies Inc.

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Last Updated August 9, 2018